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Fossil fuel companies are done!

BP revealed a full-year loss of $18bn, its first since the Deepwater Horizon disaster more than a decade ago, and ExxonMobil reported an annual loss of $22.4bn – its first ever. Shell capped a year in which it slashed its dividend for the first time since the Second World War with a debit of almost $20bn.

Maybe this is unprecedented because of covid, but I think it's a signal to the big oil companies that the world no longer really needs fossil fuels🌍🌱
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Mindful · 56-60, F
Don’t worry the government will create a bailout for the billionaire industry
SW-User
@Mindful Not now that renewables are now cheaper than fossil fuels. It just won't make economic sense. Plus, BP, Shell and Equinor are taking up extremely aggressive positions regarding offshore wind. They're seeing the writing on the wall.